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571 NE 67th Street

Miami, FL 33138
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Bed 4

Bed

Bath 5

Bath

SqFt2,262

Sqft

Fourplex with T5L Zoning + Previously Approved 6 Unit Development Plans in Miami's MiMo District.Exceptional investment opportunity in the heart of Miami's rapidly evolving MiMo District. This 4-unit multifamily property sits on a 7,200 SF lot and offers a unique combination of immediate income, value-add potential, and future development upside.The property features a desirable unit mix including a 2-bedroom, two 1-bedrooms units, and a studio, with three units currently leased and one vacant-providing immediate opportunity to increase income or reposition for short-term rentals.Zoned T5L, the property allows for flexible urban development, including short-term rentals (Airbnb), and comes with previously approved plans for a 6-unit live/work multifamily building, significantly reducing en titlement timelines for developers.Located just steps from Biscayne Boulevard and within close proximity to the Design District, Wynwood, and Midtown, the property is surrounded by major new developments including Adela at MiMo Bay, Adela II, and 01 MiMo Condominiums - further enhancing long-term value and demand.Whether you're an investor seeking strong income with upside, or a developer looking for a well-positioned site in a high-growth corridor, this property offers multiple paths to value creation. 571 NE 67th ST, Miami FL 33138.Covered Land Play with Income + Approved Development Plans.Investment Highlights:4 Unit Multifamily on 7,200 SQFT Lot.T5L Zoning (Short term rentals allowed).Previously Approved plans for 6 unit live/work project.Located in rapidly transforming MiMo District.Surrounded by new developments: Adela at MiMo Bay, Adela II at MiMo Bay, 01 MiMo CondoCurrent Income:Gross Income: $72,240/Y.NOI: $46740.3 units leased (stable income).1 unit vacant, immediate upsideStabilized Potential:Projected NOI: $69,500.Strong rental demand area.Airbnb/Short term rental potential (T5L)Development Opportunity:Previously approved plans reduce entitlement risk.Build 6 units (live/work concept).Ideal for:Developer.Long term hold investor.Hybrid STR operator. Investment Thesis:Acquire below replacement cost, generate income while holding, and capitalize on zoning + neighborhood transformation for long term upside.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,549,000

AD Id : 77616045

MLS Id : A12003041

Beds : 4

Living Area Size : 2,262

Year Built : 1957

County : Miami-Dade

Subdivision: Morningside

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Feature Features

  • Interior Features

    Roof: Concrete
    Laundry Features: Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, SeparateMeters Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits

  • Building Information

    Year Built: 1957
    Building Area Total: 2262
    Construction Materials: Block
    Patio And Porch Features: Patio
    Private Pool: No
  • Exterior Features

    Exterior Features: OutdoorLivingArea

  • Lot Information

    Lot Dimensions: 7200 Lot Description: RectangularLot,SprinklerSystem

    Property Information

    Subdivision: MORNINGSIDE AMD Source Property Type: ResidentialIncome Postal Code Plus 4: 5644 Property SubType: Quadruplex Property Age: 69

  • Listing Price Information

    Listing Price: $1549000
    Cash, Conventional

  • Tax Information

    Parcel Number: 0132180230660 Tax Year: 2025 Annual Tax: $17000 Tax Legal Desc: MORNINGSIDE AMD PL PB 15-15 LOT 27 BLK 4 LOT SIZE 7200 SQUARE FEET COC 24614-0102 05 2006 1

  • Parking Information

    Parking Total: 6

  • School Information

    Elementary School: Morningside K-8 Academy (Miami-Dade) Junior High School: Horace Mann Senior High School: Miami Edison
  • Utility Information

    CableAvailable
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
800 NE 85th St, Miami, FL, 33138 $1,500,000 5 4 2,358 2,358 SqFt
7710 NE 1st Ct, Miami, FL, 33138 $735,000 2 2 1,248 1,248 SqFt
Residentialincome, Miami, FL, 33138 $760,000 3 4 1,811 1,811 SqFt
170 NE 68th Ter, Miami, FL, 33138 $515,000 -- -- 1,376 1,376 SqFt
47 NE 80th Ter, Miami, FL, 33138 $800,000 -- -- --
555 NE 70th St, Miami, FL, 33138 $940,000 5 3 1,976 1,976 SqFt
Residentialincome, Miami, FL, 33138 $495,000 3 2 1,052 1,052 SqFt
859 NE 90th St, Miami, FL, 33138 $1,300,000 5 4 2,294 2,294 SqFt
7525 NE Miami Ct, Miami, FL, 33138 $920,000 6 10 2,454 2,454 SqFt
139 NE 63rd Street, Miami, FL, 33138 $509,900 3 2 1,265 1,265 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/14/2026 @ 20:09

MLS: A12003041 LISTED BY: Adriana Molina, Green Wave Realty Group Corp 305-951-1845 SOURCE: Beaches MLS

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